81–90 of 275 posts
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They also have a service where you can watch any movie on Tuesdays for $5, for $12 a year. I prefer that service, and have renewed for 3 years.
Does this service have a name?
I've been a subscriber for a few years. They waive online ticketing fees and you get $5 vouchers for every $100 spent (among other perks). It's been worth it for me.
In the UK, 2 of the biggest chains offer subscription passes... Cineworld, which is the one I use, allows me to see any movie at any cineworld (there's a 2 tier system for London, but ignore that for now) at any time for free based on me paying £17 a month. I live in London and the average cost of a ticket is roughly £12, if i see 2 movies a month i'm quids in. It seems insane that moviepass isn't operated already by…
I would love to see the terms for that emergency 5 million in cash. Probably eye-watering interest rates.
Via Bloomberg... "Terms of the loan are onerous. Investment firm Hudson Bay Capital Management can demand repayment of more than $3 million of the loan on Aug. 1, and the rest on Aug. 5. Proceeds from a planned stock sale must also be used to repay the debt. If Helios and Matheson Analytics fails to pay, it will be subject to a 15 percent annualized late fee until it makes good on the obligation. If the company is 48…
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Over the last 20 years I often have food and / or drinks in my hands when I walk in. No 16 year old ticket taker is ever going to make a fuss about it, because they certainly don't care. It is odd how deeply rooted in everyone's mind it is that there will be a huge scene if you try and sneak in food.
Most American movie theaters allow outside food/drink, so long as it doesn't give off a noticeable odor and isn't alcoholic. The myth about needing to sneak in your food is just that—a myth.
If I am a traditional 'tech' company - I can afford to lose money when I am investing it in my platform or technology. It's like borrowing money to invest in your assets. For MoviePass, they are losing money and passing it off to theaters - it's like borrowing money to buy more ingredients for a failing restaurant. You can't charge less than the marginal cost, it doesn't make sense! I am trying to wrap my head around…
The gist of it is, they're hoping to grow so big that movie theaters will have no choice but to negotiate with them, to share part of the revenues they bring theaters from people who normally don't come watch movies on a whim anymore.
Links from the SEC website about this $5m loan: Promissory Note: https://www.sec.gov/Archives/edgar/data/1040792/000121390018... 8-K Filing: https://www.sec.gov/Archives/edgar/data/1040792/000121390018...
From the Promissory note: > the principal amount of Six Million and Eight Hundred Thousand Dollars ($6,200,000) Is this a gross mistake? Or am I missing something ?
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From the Promissory note: > the principal amount of Six Million and Eight Hundred Thousand Dollars ($6,200,000) Is this a gross mistake? Or am I missing something ?
No, this is what's termed an "Original Issue Discount" in debt parlance and allows for a lender to earn interest without a cash coupon on the loan. Basically they give them $5mm, but the "par value" of the loan is $6.2mm. So MP actually owes $6.2mm, but only got $5mm in cash up front.
If I am a traditional 'tech' company - I can afford to lose money when I am investing it in my platform or technology. It's like borrowing money to invest in your assets. For MoviePass, they are losing money and passing it off to theaters - it's like borrowing money to buy more ingredients for a failing restaurant. You can't charge less than the marginal cost, it doesn't make sense! I am trying to wrap my head around…
The Nerdwriter has a good video (short, just 6 minutes) about it: https://www.youtube.com/watch?v=w876zZZIb10 The gist of it is, they're hoping to grow so big that movie theaters will have no choice but to negotiate with them, to share part of the revenues they bring theaters from people who normally don't come watch movies on a whim anymore.
Also as another user posted below, set a cap on the number of movies you can view per month and offer a premium unlimited membership upsell.
I would love to see the terms for that emergency 5 million in cash. Probably eye-watering interest rates.